Carefree Mobile Home Park

Property Description:

Located on a hill with views of the Colorado River and Laughlin, Carefree Mobile Home Park affords a buyer a stable income-producing property on city services with infill and utility pass-through upside. Park is currently only 73% occupied in a 85%+ market. Four homes that convey with sale will also help bring in additional income once rented. The park contains all the amenities needed to be fully occupied, a pool area and clubhouse with billiards and media will attract seniors as will paved streets and proximity to Laughlin, Vegas, Phoenix, and Southern California. Park also has tremendous mountain, river, and city views. There is also upside in utility billing. The park is currently not metered for water and tenants are being billed only for electricity and a flat fee for sewer. The park’s owner is also incurring a large cost for cable television which is provided to each tenant. As cable begins being phased out in favor of satellite television and wireless television streaming this can be another expense that can be reduced and Broker recommends passing through some if not all of that cost in meantime.